2014 (4) TMI 1139

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... opinion that the point is covered against the Revenue and in favour of the assessee. In paragraph 25 of the order under challenge, the Tribunal has reproduced the observations of the Hon'ble Supreme Court wherein held that the amount should be capable of being estimated with reasonable certainty although the actual quantification may not be possible. In the present case material was brought before .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eer Singh, for the Appellant-Revenue. P.C. : 1. Heard Mr.Tejveer Singh, learned Counsel appearing on behalf of the Appellant-Revenue at some length. With his assistance, we have perused the order of the Income Tax Appellate Tribunal partly allowing the assessee's appeal. In so far as issue of applicability of Section 10A of the Income Tax Act,1961 is concerned, the Tribunal has .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e assessee. In paragraph 25 of the order under challenge, the Tribunal has reproduced the observations of the Hon'ble Supreme Court. The Supreme Court holds that the amount should be capable of being estimated with reasonable certainty although the actual quantification may not be possible. In the present case material was brought before the Tribunal to show that the provision for leave encash .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X